2 - SRM UNIT Operations - Purchasing

Unit 2 Finance - Operations, Purchasing

Learning Targets:

The student plans, monitors, and controls day-to-day activities to enable continued functioning in finance.

1. analyze the operationsrole and function in finance such as:
   • explain the nature of operations
   • discuss the role of ethics in operations
   • describe use of technology in operations
2. implement purchasingactivities in finance such as:
   • explain the nature and scope of purchasing
     • place orders or reorders
     • maintain inventory of supplies
     • manage the bid process in purchasing
     • select vendors
     • evaluate vendors performance
3. describe and explain the production role and function, including the concept of production and production activities
4. identify and implement **quality control**processes in finance, including
   • quality-control measures
   • quality-control methods at work
   • crucial elements of quality control
   • the role of management in achievement of quality
   • efficient operating systems